Get a property report and suburb profile for any property in Coolbellup

Coolbellup is an established residential suburb of tree-lined streets and single-storey post-war homes that many owners have modernised while keeping a cottage-scale feel. It sits near wetlands and reserves including Bibra Lake and North Lake, which provide walking trails, birdlife and open green space. A small shopping strip, sporting ovals, playgrounds and active community groups make everyday errands and recreation practical.

About 5,698 people live in Coolbellup; the median age is 37 and the median household income is $1,378 a week (roughly $71,656 a year). Owner-occupiers are the majority at 61.8% while renters are 38.3%. Council-led projects are shaping the area: the town-centre renewal plan has an extension in place, a staged redevelopment for the Wally Hagan basketball stadium is moving into detailed planning, the library has been refurbished, a Community Facilities Master Plan sits in the City’s infrastructure plan, and Tempest Park is set for upgrades with delivery to follow council budget decisions.

On the figures, buying a house in Coolbellup sits at about 14.3 times a typical local household's annual income at the last Census, which is well above local incomes. Renting also takes a large share of that weekly income: a house at $720 a week would be about 52.3% of a typical local household's weekly income at the last Census, and a unit at $610 a week would be about 44.3%.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Coolbellup recorded strong movement in both prices and rents. Median house values climbed 16.4% and median unit values rose 14.2%, both sizable increases. At the same time house rents increased 10.8% and unit rents increased 10.9%, another strong lift in income over the year.

Put simply, the figures show notable capital growth alongside strong rental growth. House values were the stronger performer on price (16.4% versus 14.2%), while rental growth was virtually identical between the two property types (10.8% versus 10.9%). Which of those outcomes matters to you depends on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.